Supporting Kenya’s Transition towards Clean Energy Through Geothermal Development
- Key words
- clean energy, climate finance, private sector
- Location
- Menengai, Kenya
- Conference
- ARGeo
- Year
- 2012
- Session
- Geothermal Picture
- Language
- English
Full text
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Abstract
Clean technologies such as hydropower, geothermal, wind and solar are driving the African Development Bank’s (AfDB) energy strategy in Africa. The implementation of that strategy needs substantial financial leveraging from different sources, including climate finance and private-sector investments. In that context, the AfDB is blending sovereign guaranteed concessional loans with climate finance funds to leverage private-sector investments in clean technologies.
In this paper, we will discuss the example of geothermal technology in Kenya, where the AfDB is supporting the Geothermal Development Company (GDC) in the development of the Menengai geothermal field for steam production. The AfDB’s intervention is expected to unlock private-sector participation in the transformation of steam into power.
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